generates two types of financial networks: (i) a network of institutions when two institutions share common asset or liability … institution affect the value of other institutions' holdings/liabilities, (ii) a network of financial instruments implied by the …, financial and regulatory shocks as well as the change in the network caused by the shock …

network representation of the links between domestic sectors and the rest of the world, and document their evolution between … domestic and external sectoral portfolios, their network structure, and their role in the propagation of shocks. We first show …